KVP
This query is : Resolved
01 July 2011
Whether Reinvestment of KVP is Taxable
01 July 2011
Interest accrued on KVP is taxable on the basis of method of accounting followed by the assessee.
Once it is taxed it is not re-taxed when the amount received on maturity is again invested in KVP.
Once it is taxed it is not re-taxed when the amount received on maturity is again invested in KVP.
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